What are crypto traders saying about Bitcoin and Ethereum now?

08 Mar, 2019 | Updated: 08 Mar, 2019
by Richard Allen
Opinion
What are crypto traders saying about Bitcoin and Ethereum now?

The crypto market has been showing signs of improvement over the last few days, but with Bitcoin being unable to break the $4,000 resistance level thus far, several crypto traders have taken to Twitter to voice their opinions about the market.

One Twitter user, @Tradermayne stated that with Bitcoin finding support at the yearly open, but rejecting from the breaker he wanted to short at, he grew impatient and decided to short anyway. “Above the breaker, BTC looks good for $4200-$4400. If we reject and lose $3700 I wouldn't want to be long anything,” he states.

Replying to the tweet, @kerneltrader wasn’t optimistic about Bitcoin, stating “sentiment is as bullish as I’ve seen since 2017. If there was ever a time to pull the rug, now’s the time to do it.”

Looking at BTC’s weekly chart, @Josh-Rager had a similar outlook, stating that if Bitcoin pushes up, it likely won’t close above the weekly resistance near $4,700.

Read more: Bitcoin on track to $20,000 ... by 2021

And sentiment doesn’t seem to be much better for Ethereum either, as @TheCryptoDog tweeted “The longer price stalls at resistance, the more shorts I add on. $ETH looking toppy.”

Read more: Why Ethereum could outperform Bitcoin in the next bull run

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